OPEC+ not to insist on a cut in oil production volume

OPEC+ not to insist on a cut in oil production volume
  • Clock-gray 10:42
  • calendar-gray 07 November 2019

OPEC+ countries will not insist on a cut in production volume of oil at the next meeting which will be held in December, APA-Economics reports citing Bloomberg.

OPEC members and their allies will call to keep up their current production targets and ask the members of the organization to fulfill their commitments better within the OPEC+ agreement.

Note that, the global media said in October that OPEC+ countries will consider a small cut in oil production as they fear a slowdown in demand in 2020 as a part of their December meeting.

Mirsaid Ibrahimzade

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